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Essential Oils & Plant Extract For Livestock Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Essential Oils & Plant Extract For Livestock
What Is the Expected Essential Oils & Plant Extract For Livestock Market Size During the Forecast Period?
The market size of essential oils and plant extract for livestock has seen robust growth over recent years. It's projected that the market will expand from $3.51 billion in 2024 to $3.76 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the historic period include traditional and cultural consumption patterns, demand for plant-based proteins, crop rotation practices, the animal feed industry, and worldwide trade and exports.
The market size for essential oils and plant extracts for livestock is forecasted to witness a robust increase in the upcoming years, reaching a value of $5.1 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%. This substantial growth within the projected period can be linked to several factors such as sustainable agriculture practices, functional food applications, global food security, alternative protein sources, and resilience to climate change. Key trends during this forecast period encompass meat substitutes, allergen-free and gluten-free diets, innovative food processing techniques, clean labelled products, and technological advancements.
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What Are the High-Growth Segments in the Essential Oils & Plant Extract For Livestock Market?
The essential oils & plant extract for livestock market covered in this report is segmented -
1) By Type: Essential Oils, Plant Extracts
2) By Form: Solid/Powder, Liquid
3) By Function: Gut Health, Immunity, Yield
4) By Livestock: Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed, Other Livestocks
Subsegments:
1) By Essential Oils: Citrus Oils, Herbal Oils, Spice Oils, Floral Oils
2) By Plant Extracts: Herbal Extracts, Fruit Extracts, Vegetable Extracts, Other Plant Extract
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What Key Drivers Are Expected to Influence Future Essential Oils & Plant Extract For Livestock Market Growth?
The escalating need for livestock products is fueling the expansion of the essential oils & plant extract market for livestock. There is a global shift in consumption habits, an impressive rise in disposable income levels in both developed and emerging economies, and increased acceptance of livestock products for their health advantages, together driving the growing demand for livestock products worldwide. This escalating need is predicted to stimulate the use of essential oils & plant extracts, with livestock farmers increasingly leaning towards organic sources for their livestock's upkeep. For example, data from the Department of Agriculture, a US federal agency, reported that in 2023, total cash income from animal and their products reached $249.6 billion. Within this, earnings from cattle and calves contributed $101.1 billion or 40.5% of the total, while poultry and egg revenues accounted for $67.1 billion or 26.9%, and dairy receipts were $45.9 billion, forming 18.4% of the total. Consequently, the burgeoning demand for livestock goods is a significant contributor to the growth of the essential oils & plant extract market for livestock.
Which Companies Hold the Largest Share Across Different Essential Oils & Plant Extract For Livestock Market Segments?
Major companies operating in the essential oils & plant extract for livestock market include Kemin Industries Inc., Phytosynthese, Provitim, Olmix S.A., Herbarom Laboratoire, Givaudan, Symrise AG, Sensient Technologies, Kangcare Bioindustry Co. Ltd., Pt. Indesso Aroma, Tokiwa Phytochemical Co. Ltd., Native Extracts Pty. Ltd., Synthite Industries Private Ltd., Martin Bauer GmbH & Co. KG, International Flavours and Fragrances Inc., IDENA SAS, Novus International Inc., Trouw Nutrition, Hifeed BV, Panagro Health & Nutrition, Herbavita, Orffa International Holding B.V., Indian Herbs Specialties Pvt. Ltd., Danisco, BENEO GmbH, Amorvet Animal Health Pvt. Ltd., Laboratoires Phode
What Trends Are Driving Growth in The Essential Oils & Plant Extract For Livestock Market?
The role of technological progress is becoming increasingly prominent as a prevailing trend in the essential oils & plant extract sector for livestock. To fortify their market standing, numerous firms operating in this field are innovating by developing new products or implementing novel technologies. An exemplar case took place in October 2021, when Cargill introduced poultry feed supplemented with essential oils to promote healthy poultry and boost egg yield. Through their Nutrena and Naturewise poultry diets, the company employs essential oils to augment egg size and weight, enhance digestion, and strengthen immunity. The company's proprietary FlockShield ingredient also facilitates the upkeep of a robust and healthy stomach, thereby improving the immune system. The addition of yeast culture, prebiotics, and probiotics further assists in digestion and nutrient absorption.
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What Are the Emerging Geographies for The Essential Oils & Plant Extract For Livestock Market Growth?
Asia-Pacific was the largest region in the essential oils & plant extract for livestock market in 2024. The regions covered in the essential oils & plant extract for livestock market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Essential Oils & Plant Extract For Livestock Market?
2. What is the CAGR expected in the Essential Oils & Plant Extract For Livestock Market?
3. What Are the Key Innovations Transforming the Essential Oils & Plant Extract For Livestock Industry?
4. Which Region Is Leading the Essential Oils & Plant Extract For Livestock Market?
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